Company Report
-
Oando partners Yutong to deliver electric buses for Lagos mass transit
Oando Clean Energy Limited (OCEL) said it has taken delivery of electric mass transit buses, which will kick off the Proof of Concept phase of its Sustainable Transport Initiative. OCEL, in a statement on Wednesday, said the move was in realisation of its commitment to the partnership entered with the Lagos Metropolitan Area Transport Authority (LAMATA). Consequently, OCEL said it…
Read More » -
Global partnerships, investments saved 12m lives from malaria deaths, says Dangote
As the World Malaria Day is marked globally, President of Dangote Group and United Nations’ Malaria Ambassador for Nigeria, Aliko Dangote has called for joint actions by all stakeholders globally if the collective goal of eliminating the disease by 2030 is to be achieved. Dangote in his World Malaria Day statement titled; “With Urgent Investment, Innovation and Implementation, Zero Malaria…
Read More » -
Transcorp group records growth in revenue, gross earnings in Q1 2023
Transcorp Group sustained its growth trajectory and ended the 2022 financial year with gross earnings of N134.7 billion, a 21% increase from N111.2 billion recorded in 2021. This growth was largely driven by the power and hospitality businesses, according to the Group’s Chief Financial Officer, Joseph Adegunwa, who presented a comprehensive overview of the Group’s performance, highlighting key achievements across…
Read More » -
Access Holdings hits N15trn in total assets
Access Holdings Plc, on Thursday the Nigerian Exchange Limited (NGX) announced N15trillion in total assets to outshine its peers as the strongest Tier-1 financial institution. The Pan-African bank reported N15trillion in total assets in financial year ended December 31, 2022 result and accounts, representing an increase of 28per cent from N11.73trillion reported in corresponding period of 2021. Increase in total…
Read More » -
Union Bank declares 47% increase in PBT
Union Bank of Nigeria Plc has declared a N30.2billion profit before tax in its 2022 audited financial year, an increase of 47 per cent from N20.5billion reported in 2021 financial year. One of the oldest financial institutions in Nigeria on the floor of the Nigerian Exchange Limited (NGX), on Wednesday disclosed that its gross earnings was up by 19per cent…
Read More » -
NOVA merchant bank reports 107.9% increase in PBT
NOVA Merchant Bank Limited has announced its audited results for the full year ended December 31, 2022, showing 108 per cent increase in profit before tax to N3.50billion. Profit after tax also recorded a similar feat, as it jumped from N1.58billion in 2021 to N3.21billion in the year under consideration, representing an impressive leap by 102.9per cent. The merchant bank…
Read More » -
Dangote Sugar Refinery pays N18.22bn dividend, to produce 170,000 Tonnes next season
Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders. Chairman of the Company, Aliko Dangote said: “The…
Read More » -
Fidelity Bank’s 3.03bn private placement gets 100% subscription
Fidelity Bank Plc has announced the completion of the private placement of 3.03billion units of its shares, which was 100 per cent subscribed by investors. The bank in a statement posted on Nigerian Exchange Limited (NGX), stated that it received two applications for the 3,037,414,308 ordinary shares of 50 kobo each at N4.60 per unit, which opened on February 22…
Read More » -
GTCO reports profit before tax of N214.2bn, proposes N3.10 dividend
Guaranty Trust Holding Company Plc (GTCO) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of N214.2billion, representing 3.3per cent dip from the N221.5billion posted in the corresponding year ended December 2021 on the back of…
Read More » -
Dangote cement pledges higher returns, value to shareholders, stakeholders
Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Speaking at the 14th Annual General Meeting (AGM), of the company in Lagos, Dangote said the prospects for the cement company remain bright as the…
Read More »
